As a business owner, one of the most important decisions is to determine what health insurance benefits to offer your employees.
Before any decisions are made, it is a good idea to take an internal inventory of several seemingly unimportant conditions that can drive the type of benefit decisions. For example, what is the culture of your company? Having your finger on the pulse of the culture will guide you on what type of benefits you should offer your employees. For example, if a culture of wellness is prevalent in your company, you would ask your agent about insurers that offer wellness programs as part of the group benefits plan.
Another example is an employer of high-risk workers such as those who drive for a long-distance trucking company. In that case, you may want to make sure that a life insurance benefit has disability and waiver riders. Or, you may want to make sure you offer a PPO group plan so that drivers can access in-network benefits from a national network.
An agent can help you with choosing the right benefits for you and your company. There are many diverse choices, not just for health insurance, but how the insurance is structured. Additional benefits that are supplemental to the group insurance are also important. Many employees want to be valued by their employers and we all know that valuing an employee can lead to employment longevity in your company. That is why when you talk to an agent about offering benefits to your employees, you should also convey what your company culture is all about and how it drives your business’s bottom line.
The COVID-19 pandemic has changed the landscape of many companies. Because of that, it is prudent that a company’s decision-maker contact an experienced group health insurance agent three months prior to the renewal date of the current group health insurance contract to review changes that happened over the past year which have an impact upon the company, and may affect your insurance and benefit package.
When you and your agent take an honest inventory of the company’s insurance package, you may be surprised at the options available to you. But before you meet with an agent, please take a moment to reflect upon the culture of your company because it can make a difference in the type of insurance you will offer your employees.